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Persistent link: https://www.econbiz.de/10003920375
. Furthermore, there is only limited evidence that East Asian economies including China and Japan are accumulating an excessive …
Persistent link: https://www.econbiz.de/10003850507
. Furthermore, there is only limited evidence that East Asian economies including China and Japan are accumulating an excessive …
Persistent link: https://www.econbiz.de/10010271960
The value of China's currency, the renminbi (RMB), and the conduct of China's exchange rate policy have generated …
Persistent link: https://www.econbiz.de/10008677826
We find that Chinese trade flows respond to economic activity and relative prices -- as represented by a trade weighted exchange rate -- but the relationships are not always precisely or robustly estimated. Chinese exports are generally well-behaved, rising with foreign GDP and decreasing as the...
Persistent link: https://www.econbiz.de/10010818564
China is now the world’s second largest economy and may soon overtake the United States as the world’s largest. Despite … its adoption of some free-market principles, China considers itself a “socialist-market economy,” suggesting that the … in China’s rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and …
Persistent link: https://www.econbiz.de/10010905556
The prospect of creating a currency union consisting of China, Japan, and Korea is evaluated using output data. After a …
Persistent link: https://www.econbiz.de/10010261238
We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for,...
Persistent link: https://www.econbiz.de/10010264069
One argument for floating the Chinese renminbi (RMB) is to insulate China's monetary policy from the US effect. However … US dollar, China has alternative measures to retain its policy independence and de-link its interest rates from the US … rate. In other words, the argument for a flexible RMB to insulate China's monetary policy from the US effect is not …
Persistent link: https://www.econbiz.de/10010264088
capital stock is accounted for. Thus, the China-US trade balance should respond to real exchange rate and relative income …
Persistent link: https://www.econbiz.de/10010264589